
Los Angeles, California 90006
This Koreatown Redevelopment Asset represents a High-Potential Investment Opportunity listed at $995,000, reflecting a stable entry point at its $995,000 Fair Market Value. Currently in Poor Condition, the primary value of this 1903-built fixer is driven by the 5,908 SF lot featuring LAR4 Zoning with TOC Tier 3 status. These designations permit 14 units by right or up to 24 units with TOC incentives, providing significant potential for forced appreciation. This high-density site is a strategic acquisition for Developers or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1025 S Kenmore Avenue Subject | $845,000* List Price | 3 | 2 | 1,374 | $590 | - |
A 1207 S Harvard Boulevard Sold | $860,000 | 2 | 2 | 1,392 | $618 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1903-built property is explicitly marketed as a 'fixer' and is being sold in 'as-is' condition. It requires substantial repairs and rehabilitation to meet modern living standards. The listing emphasizes the land's redevelopment potential for multi-unit housing (up to 24 units), indicating that the current structure has significant deferred maintenance and outdated systems typical of a century-old home that has not undergone recent major renovations.
Completely vacant fixer located within the Koreatown area of Los Angeles. This single-family residence offers 3 bedrooms and 2 bathrooms, including a primary bedroom with an ensuite bath and a Jack-and-Jill bathroom serving the remaining two bedrooms. The home includes a separate dining room and an enclosed back porch providing additional flexible space. Exterior amenities include outdoor laundry, a detached garage, an additional shed, and a rear garden area. Situated on a 5,906 SF lot and zoned LAR4 with TOC Tier 3, the property presents strong value-add or redevelopment potential with 14 units by right and 24 units with TOC incentives, plus additional ADU units (Buyer to verify). Perfect for a buyer with a vision looking to build their dream home, or for investors seeking to renovate or redevelop. Property is being sold as-is, where-is condition.
No exterior & parking available.
Grades K-2 • 0.1 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,374 | 1,672 |
| Lot Size | 5,908 | 6,067 |
| Price | $845.0K | $1.37M |
| Price per sq ft | $615 | $801 |
| Built year | 1903 | 1939 |
| HOA | $0 | $348 |
| Days on market | 219 | 56 |
Jun 23, 2026
$845,000
$890,000
-5% Price Drop
Initial Listing
May 2, 2026
$890,000
$995,000
-11% Price Drop
Initial Listing
Feb 12, 2026
$995,000
$1,025,000
-3% Price Drop
Initial Listing
Dec 15, 2025
$1,025,000
Initial Listing